8 years of historical data (2017–2024) · Financial Services · Financial - Credit Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Open Lending Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 9.0x P/FCF, 79% below the 5-year average of 43.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $157M | $712M | $1.0B | $852M | $2.8B | $2.9B | $397M | $896M | — |
| Enterprise Value | $58M | $612M | $942M | $800M | $2.9B | $3.0B | $392M | $900M | — |
| P/E Ratio → | -1.18 | — | 47.28 | 12.74 | 19.38 | — | 6.35 | 31.45 | — |
| P/S Ratio | 6.54 | 29.62 | 8.80 | 4.75 | 13.18 | 26.62 | 4.27 | 17.16 | — |
| P/B Ratio | 2.03 | 9.11 | 5.03 | 4.00 | 17.87 | 108.88 | — | 3.32 | — |
| P/FCF | 9.02 | 40.81 | 12.84 | 7.98 | 30.50 | 123.63 | 9.52 | 31.43 | — |
| P/OCF | 8.93 | 40.43 | 12.51 | 7.93 | 29.86 | 117.63 | 9.50 | 31.31 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 25.48 | 8.02 | 4.45 | 13.34 | 27.18 | 4.22 | 17.25 | — |
| EV / EBITDA | — | — | 30.52 | 8.12 | 19.07 | 50.62 | 6.25 | 31.52 | — |
| EV / EBIT | — | — | 23.83 | 8.05 | 14.60 | — | 6.24 | 31.41 | — |
| EV / FCF | — | 35.11 | 11.70 | 7.49 | 30.87 | 126.27 | 9.42 | 31.59 | — |
Margins and return-on-capital ratios measuring operating efficiency
Open Lending Corporation earns an operating margin of -272.1%, below the Financial Services sector average of 21.9%. Operating margins have compressed from 54.4% to -272.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -95.2% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.7% | 0.7% | 81.0% | 88.9% | 91.4% | 91.0% | 91.6% | 91.2% | 90.7% |
| Operating Margin | -272.1% | -272.1% | 24.8% | 54.4% | 69.7% | 52.1% | 67.4% | 54.6% | -0.1% |
| Net Profit Margin | -562.0% | -562.0% | 18.8% | 37.1% | 67.7% | -89.6% | 67.4% | 54.2% | -0.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -95.2% | -95.2% | 10.5% | 35.8% | 157.4% | -366.5% | 360.0% | 21.0% | — |
| ROA | -40.3% | -40.3% | 5.9% | 19.1% | 47.7% | -52.3% | 34.9% | 20.2% | -12.5% |
| ROIC | -17.0% | -17.0% | 6.1% | 21.7% | 45.1% | 22.4% | 214.2% | 15.5% | — |
| ROCE | -21.7% | -21.7% | 8.1% | 29.1% | 51.5% | 32.6% | 35.8% | 20.4% | — |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $243M exceeds total debt of $144M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.84 | 1.84 | 0.72 | 0.71 | 0.95 | 6.13 | — | 0.02 | — |
| Debt / EBITDA | — | — | 4.80 | 1.54 | 1.00 | 2.79 | 0.05 | 0.20 | — |
| Net Debt / Equity | — | -1.27 | -0.45 | -0.25 | 0.22 | 2.32 | — | 0.02 | — |
| Net Debt / EBITDA | — | — | -2.98 | -0.53 | 0.23 | 1.06 | -0.07 | 0.16 | — |
| Debt / FCF | — | -5.70 | -1.14 | -0.49 | 0.38 | 2.63 | -0.10 | 0.16 | 0.02 |
| Interest Coverage | -5.78 | -5.78 | 2.73 | 16.74 | 25.65 | 4.89 | 194.46 | 83.50 | — |
Net cash position: cash ($243M) exceeds total debt ($144M)
Short-term solvency ratios and asset-utilisation metrics
Open Lending Corporation's current ratio of 5.84x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 18.58x to 5.84x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.84 | 5.84 | 14.08 | 18.58 | 16.81 | 9.57 | 5.52 | 3.28 | 0.10 |
| Quick Ratio | 5.84 | 5.84 | 14.08 | 18.58 | 16.81 | 9.57 | 5.52 | 3.28 | 0.10 |
| Cash Ratio | 5.15 | 5.15 | 11.67 | 13.53 | 9.65 | 5.97 | 0.94 | 3.27 | 0.10 |
| Asset Turnover | — | 0.08 | 0.31 | 0.47 | 0.68 | 0.37 | 1.17 | 0.19 | 132.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Open Lending Corporation returns 1.1% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 4.7% | 10.7% | 2.1% | — |
| Payout Ratio | — | — | — | — | — | — | 67.8% | 66.7% | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 2.1% | 7.9% | 5.2% | — | 15.7% | 3.2% | — |
| FCF Yield | 11.1% | 2.5% | 7.8% | 12.5% | 3.3% | 0.8% | 10.5% | 3.2% | — |
| Buyback Yield | 1.1% | 0.2% | 3.6% | 2.1% | 0.7% | 1.3% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 1.1% | 0.2% | 3.6% | 2.1% | 0.7% | 6.0% | 10.7% | 2.1% | — |
| Shares Outstanding | — | $119M | $121M | $126M | $126M | $83M | $38M | $92M | $31M |
Compare LPRO with 7 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| LPROYou | $157M | -1.2 | — | 9.0 | 0.7% | -272.1% | -95.2% | -17.0% | — |
| IX | $39B | 18.1 | 15.3 | 5.2 | 41.8% | 11.5% | 8.6% | 2.4% | 8.6 |
| ALLY | $12B | 16.6 | 12.2 | — | 52.0% | 8.6% | 5.8% | 2.2% | 11.1 |
| CACC | $5B | 23.8 | 30.4 | 4.6 | 62.4% | 15.2% | 14.2% | 3.3% | 18.0 |
| MFIN | $298M | 6.6 | 7.1 | 2.6 | 43.6% | 21.6% | 8.4% | 6.8% | 4.2 |
| ANTA | $208M | 46.2 | 152.6 | — | 37.8% | 6.7% | 14.9% | 0.6% | 102.2 |
| CPSS | $179M | 10.3 | 113.1 | 0.8 | 52.7% | 7.0% | 6.8% | 0.7% | 111.6 |
| AIHS | $14M | -3.9 | — | 27.4 | 25.1% | -114.1% | -169.2% | -108.4% | — |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonOpen Lending Corporation's current P/E ratio is -1.2x. The historical average is 23.4x.
Open Lending Corporation's return on equity (ROE) is -95.2%. The historical average is 17.6%.
Based on historical data, Open Lending Corporation is trading at a P/E of -1.2x. Compare with industry peers and growth rates for a complete picture.
Open Lending Corporation has 0.7% gross margin and -272.1% operating margin.